Banks smile all the way in the buoyant economy

Those with holdings in the two main bank stocks have done very nicely since the Budget, with the shares roaring to new highs, …

Those with holdings in the two main bank stocks have done very nicely since the Budget, with the shares roaring to new highs, largely due to the reduction in corporation tax and the signal that more is to come.

According to this week's outlook from Goodbody stockbrokers, there could be more to come, with the brokers believing that the two banks will continue to benefit from the buoyant economy.

Goodbody is forecasting an increase of some 19 per cent in the share price of both banks next year.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective